CSMG: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
CSMG
NACE 69.101, Activities of lawyers
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2,184
2024 · €1,014+€1,170
Equity
€411,368
2024 · €409,184+€2,184
Cash
€125,737
2024 · €117,737+€7,999
Balance sheet total
€1.1m
2024 · €856,940+€211,040
Largest movements
Assets
- Receivables within one year +€196,684
up €196,684 (+27.8%), from €708,432 to €905,116
of which Trade receivables: +€194,701
Equity and liabilities
- Other debts +€124,067
new in 2025: €124,067
- Accrued charges and deferred income +€39,885
up €39,885 (+452.0%), from €8,823 to €48,708
- Tax, wage and social debts +€28,457
up €28,457 (+33.6%), from €84,791 to €113,248
of which Taxes: +€31,678
Income statement
- Write-downs -€37,474
down €37,474, from €3,736 to -€33,738
- Other operating charges +€35,995
up €35,995 (+733.0%), from €4,911 to €40,906
- Gross operating margin +€13,377
up €13,377 (+7.7%), from €172,721 to €186,099
- Staff costs +€8,161
up €8,161 (+5.3%), from €152,880 to €161,041
- Financial income -€6,416
down €6,416 (-93.9%), from €6,832 to €416
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€1,014
Gross operating margin
+€13,377
Staff costs
-€8,161
Depreciation
-€390
Write-downs
+€37,474
Other operating charges
-€35,995
Financial income
-€6,416
Financial charges
+€119
Taxes
+€1,163
Result 2025
€2,184
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6,889
Investment
-€7,539
Financing
+€8,650
Cash 2024
€117,737
From operations (derived)
+€6,889
Net result for the year
+€2,184
Depreciation
+€6,246
Receivables within one year
-€196,684
Deferred charges and accrued income
-€5,064
Trade debts
+€7,798
Tax, wage and social debts
+€28,457
Other debts
+€124,067
Accrued charges and deferred income
+€39,885
Investment (derived)
-€7,539
Investment in fixed assets (net)
-€7,539
Financing
+€8,650
Current portion of long-term debt
+€893
Short-term financial debts
+€7,757
Cash 2025
€125,737
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €856,940 | €1,067,981 | +€211,040 | +24.6% |
| Fixed assets | 21/28 | €12,715 | €14,008 | +€1,293 | +10.2% |
| Intangible fixed assets | 21 | €406 | €203 | -€203 | -50.0% |
| Tangible fixed assets | 22/27 | €11,977 | €13,473 | +€1,496 | +12.5% |
| Furniture and vehicles | 24 | €11,595 | €13,385 | +€1,790 | +15.4% |
| Other tangible fixed assets | 26 | €382 | €88 | -€294 | -77.0% |
| Financial fixed assets | 28 | €332 | €332 | = | 0.0% |
| Current assets | 29/58 | €844,226 | €1,053,973 | +€209,747 | +24.8% |
| Amounts receivable within one year | 40/41 | €708,432 | €905,116 | +€196,684 | +27.8% |
| Trade receivables | 40 | €689,868 | €884,569 | +€194,701 | +28.2% |
| Other amounts receivable | 41 | €18,564 | €20,547 | +€1,983 | +10.7% |
| Cash at bank and in hand | 54/58 | €117,737 | €125,737 | +€7,999 | +6.8% |
| Deferred charges and accrued income | 490/1 | €18,057 | €23,120 | +€5,064 | +28.0% |
| Total equity and liabilities | 10/49 | €856,940 | €1,067,981 | +€211,040 | +24.6% |
| Equity | 10/15 | €409,184 | €411,368 | +€2,184 | +0.5% |
| Contributions | 10/11 | €18,991 | €18,991 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €388,333 | €390,517 | +€2,184 | +0.6% |
| Amounts payable | 17/49 | €447,757 | €656,613 | +€208,856 | +46.6% |
| Amounts payable within one year | 42/48 | €438,933 | €607,904 | +€168,971 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | - | €893 | +€893 | |
| Financial debts | 43 | €27,598 | €35,355 | +€7,757 | +28.1% |
| Credit institutions | 430/8 | €27,598 | €35,355 | +€7,757 | +28.1% |
| Trade debts | 44 | €326,544 | €334,342 | +€7,798 | +2.4% |
| Suppliers | 440/4 | €326,544 | €334,342 | +€7,798 | +2.4% |
| Taxes, remuneration and social security | 45 | €84,791 | €113,248 | +€28,457 | +33.6% |
| Taxes | 450/3 | €66,828 | €98,506 | +€31,678 | +47.4% |
| Remuneration and social security | 454/9 | €17,964 | €14,742 | -€3,221 | -17.9% |
| Other amounts payable | 47/48 | - | €124,067 | +€124,067 | |
| Accrued charges and deferred income | 492/3 | €8,823 | €48,708 | +€39,885 | +452.0% |
| Remuneration, social security and pensions | 62 | €152,880 | €161,041 | +€8,161 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,856 | €6,246 | +€390 | +6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,736 | -€33,738 | -€37,474 | |
| Other operating charges | 640/8 | €4,911 | €40,906 | +€35,995 | +733.0% |
| Gross operating margin | 9900 | €172,721 | €186,099 | +€13,377 | +7.7% |
| Operating profit (loss) | 9901 | €5,339 | €11,643 | +€6,305 | +118.1% |
| Financial income | 75/76B | €6,832 | €416 | -€6,416 | -93.9% |
| Recurring financial income | 75 | €6,832 | €416 | -€6,416 | -93.9% |
| Financial charges | 65/66B | €4,377 | €4,259 | -€119 | -2.7% |
| Recurring financial charges | 65 | €4,377 | €4,259 | -€119 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €7,794 | €7,801 | +€7 | +0.1% |
| Income taxes | 67/77 | €6,780 | €5,617 | -€1,163 | -17.1% |
| Profit (loss) for the period | 9904 | €1,014 | €2,184 | +€1,170 | +115.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,014 | €2,184 | +€1,170 | +115.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.